Quick off the Wall Tax question for parents

Christcorp
Thu, 31 Jan 2008 15:11:49 +0000

Yes PA and Just a mom. I should have clarified. Just like the academy is CLAIMING our kids and you can’t, the same applies when the files their own. There are many options.


Kid make less than minimum amount; overlook the income, claim as your dependent, only include your own money, and forget everything else.
Kid makes more than the minimum amount; let them do their own taxes and claim themselves as single and you don’t claim at all.
Kid makes more than the minimum amount; let them do their own taxes and they check the box (Claimed as dependent on someone else’s filing), and you claim them as a dependent.


You CAN claim their income on yours if you like, but there are additional rules and procedures. I believe it’s form 8814. Usually, it’'s best to do option 2 or 3.